Work Opportunity Tax Credit

Work Opportunity Tax Credit (WOTC) is a federal tax credit available to employers large and small. If your motor carrier pays federal taxes, you are eligible to leverage the WOTC program.

Enacted by Congress in 1996, the WOTC was created to encourage employers to hire individuals who typically have a difficult time finding a job.

Virtually any employers in industries such as trucking, manufacturing, warehousing, and distribution which rely on an hourly-wage and entry-level employee pools are well suited to capture significant tax credits using the WOTC.

Representing a permanent reduction in income tax, WOTC directly reduces a business’s effective tax rate. There is no limit to the amount of credit available through the program as a whole or to a single employer.

BY THE NUMBERS

WOTC + Trucking = Perfect Fit

Twenty percent of all new drivers will be eligible for the WOTC program.

Eligible Drivers are averaging approximately $2,150in tax credits.

Internal staff spends 0.5 hours managing the WOTC Program each month.

There is zero disruption of payroll, accounting, human resources or recruiting staff .

You could reduce or eliminate your Federal Tax Liability by 50% - 100%.

We all know there is a 100% chance you will be hiring new drivers and employees this year, so why not leverage WOTC?